IndiaPosted at: Dec 30 2021 10:16PM

7 years jail for then branch manager of SBI for causing loss of Rs 4.03 crore

New Delhi, Dec 30 (UNI) A Central Bureau of Investigation (CBI) court from Hyderabad on Thursday sentenced then Branch Manager of State Bank of India in Telangana’s Ranga Reddy district to undergo seven years rigorous imprisonment with fine of Rs 2 lakh for causing loss of Rs 4.03 crore to the Bank.
Praveen Singh, then Branch Manager, State Bank of India, Research Centre Imarath Branch, Telangana was sentenced to seven years jail with fine of Rs 2 lakh by the court on the basis of evidence submitted by the CBI against the accused.
CBI had registered a case on April 26, 2010, against Singh on the allegations that accused entered into conspiracy with unknown persons to cheat SBI in the matter of pre-maturely cancelling Special Term Deposit Receipts (STDRs), embezzling the funds to his own accounts and also into the accounts opened in the fictitious names and misappropriated a sum of Rs 4.03 crore.

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Tags: #7 years jail for then branch manager of SBI for causing loss of Rs 4.03 crore

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7 years jail for then branch manager of SBI for causing loss of Rs 4.03 crore

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HYDERABAD, APR 20 (UNI):- Union Minister of Tourism, Culture, Development of North Eastern Region and BJP State President G.Kishan Reddy during a roadshow for Lok Sabha polls, at Mushirabad Assembly constituency, in Secunderabad on Saturday. UNI PHOTO-52U

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HYDERABAD, APR 20 (UNI):- Telangana Chief Electroral Officer, Vikas Raj, TSRTC Managing Director, V C Sajjanar inaugurating a Photo Exhibition on Voters’ Awareness' by Central Bureau of Communication (CBC), at MGBS, in Hyderabad on Saturday. UNI PHOTO-50U

HYDERABAD, APR 20 (UNI):- Telangana Chief Electroral Officer, Vikas Raj, TSRTC Managing Director, V C Sajjanar Inauguration a Photo Exhibition on Voters’ Awareness' by Central Bureau of Communication(CBC), at MGBS in Hyderabad on Saturday. UNI PHOTOS-49U

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RANCHI, APR 20 (UNI):– Union Agriculture and Tribal Affairs Minister and President of Archery Association of India (AAI) Arjun Munda conducts a meeting ahead of Archery Tournament for short listed candidates for Paris Olympic 2024. in Ranchi Jharkhand on Saturday. UNI PHOTO-47U